Non-Volatile Memory Market to Grow at 9.96% CAGR to 2022 Led by APAC

The non-volatile memory market is expected to be worth USD 81.51 billion in 2022, at a CAGR of 9.96% between 2016 and 2022 while emerging non-volatile memory market is estimated to grow a high CAGR during the forecast period.

Pune, India – February 22, 2017 /MarketersMedia/ —

The non-volatile memory market has entered the growth phase and is expected to grow further in the coming years. The drivers for this market are the need for high-speed, low-power consuming, and highly scalable memory devices and the growing demand for non-volatile memory in connected and wearable devices. The main restraint for this market is the low write endurance.

Complete report on identity & access management market spread across 200 pages, profiling 15 companies and supported with 82 tables and 73 figures is now available at http://www.rnrmarketresearch.com/non-volatile-memory-market-by-type-traditional-emerging-product-printed-memory-hard-disk-drives-and-others-application-industrial-healthcare-automotive-energy-and-power-enterprise-storage-market-report.html .

The market for emerging memories is expected to grow at the highest CAGR during the forecast period. The emerging non-volatile memories overcome the limitations of traditional non-volatile memory in terms of scalability, endurance, and others. Also, the emerging non-volatile memories are widely being used in data center applications such as searching, mining, business analytics, digital media creation/transmission, and financial modeling to minimize downtime.

The major key players profiled in this report such as Samsung Electronics Co., Ltd. (South Korea), Toshiba Corp. (Japan), Micron Technology, Inc. (U.S.), SK Hynix, Inc. (South Korea), Western Digital Corp. (U.S.), Adesto Technologies Corp. (U.S.), Intel Corporation. (U.S.), Microchip Technology, Inc. (U.S.), Fujitsu Ltd. (Japan), Everspin Technologies, Inc. (U.S.), Viking Technologies Ltd. (U.S.), Crossbar Inc. (U.S.), Nantero Inc. (U.S.), Kilopass Technology Inc. (U.S.) and Sidense Corp. (U.S.). Order a copy of Non-Volatile Memory Market by Type (Flash (NAND, NOR), EEPROM, NVSRAM, Embedded, EPROM, 3D NAND, MRAM/STTMRAM, FRAM, RERAM/CBRAM, NVDIMM, PCM, 3D XPOINT, NRAM), End-User Industry, and Geography – Global Forecast to 2022 research report at http://www.rnrmarketresearch.com/contacts/purchase?rname=168479 .

The non-volatile memory market is mostly driven by connected and wearable devices. Smartphones, digital cameras, gaming devices, and other consumer electronics devices also demand non-volatile memory in bulk.

The market in APAC is expected to grow at the highest CAGR because of the huge customer base for consumer electronics in APAC as well as the presence of major global foundries in this region, which lead to the rapid development of non-volatile memory technologies and reduced time to market.

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